Gas prices in Houston to increase
Updated On: Jul 13 2013 08:21:37 AM CDT
Analysts at Gasbuddy.com say the increase in gas prices in Houston could rise to $3.57 in about two weeks.
However, according to a local gas expert, the high gas prices wont last long.
Logistical problems like the train derailment and explosion in Canada had a ripple effect, causing the price of crude oil to reach a 15 month high this week.
Barbara Shook, an oil and gas expert, said, “ The forecasts that I've seen say that the spike in gas prices will be short lived and definitely will be over by about the first of September.”
Shook says demand for gas is down, and in the last year, more people started buying new cars again.